Screening Stocks by Turnover, Recent Broker Attention, and Prior Turnover

Summary

This Chinese stock-screening proposal combines current turnover, a previous-day appearance on the Longhu list, and turnover from the day before that. Its stated thresholds are current turnover between 3% and 12%, prior-day Longhu-list inclusion, and earlier actual turnover between 3% and 28%. The rationale is to find stocks with active trading and signs of investor attention, using turnover as a liquidity proxy.

The document warns that these signals omit company fundamentals and that turnover alone does not reliably reveal institutional intent. It suggests adding measures such as profitability, growth, valuation, and technical indicators, while setting position sizing and exit rules to suit risk tolerance. The post provides formula and code references but no backtest, performance figures, or evidence that the proposed filters predict returns. Its final written criteria and code references are not fully consistent about threshold inclusivity and which day each turnover value represents, so implementation would require checking the intended timing and definitions.

Key ideas

• The screen combines current turnover, a previous-day Longhu-list appearance, and earlier actual turnover.
• The proposed current turnover range is 3% to 12%, while the earlier range is 3% to 28%.
• The rationale treats active turnover as a liquidity signal and Longhu-list inclusion as evidence of market attention.
• The screen omits fundamentals, and turnover does not establish institutional investment intent.
• The post recommends adding fundamental analysis and risk controls but supplies no performance validation.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.